Human capital accumulation and output growth in a stochastic environment

2007 ◽  
Vol 36 (3) ◽  
pp. 435-452 ◽  
Author(s):  
Keith Blackburn ◽  
Dimitrios Varvarigos
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Output Growth ◽  
Human Capital Accumulation ◽  
Stochastic Environment

Human capital accumulation, income distribution, and economic growth: a demand-led analytical framework

2021 ◽  
Vol 9 (3) ◽  
pp. 319-336
Author(s):  
Gilberto Tadeu Lima ◽  
Laura Carvalho ◽  
Gustavo Pereira Serra
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Analytical Framework ◽  
Output Growth ◽  
Human Capital Accumulation ◽  
Capital Utilization ◽  
Tax Rate ◽  
Long Run ◽  
The Impact ◽  
Long Run Equilibrium

This paper incorporates human capital accumulation through provision of universal public education by a balanced-budget government to a demand-driven analytical framework of functional distribution and growth of income. Human capital accumulation positively impacts on workers’ productivity in production and their bargaining power in wage negotiations. In the long-run equilibrium, a rise in the tax rate (which also denotes the share of output spent in human capital formation) lowers the pre- and after-tax wage share and physical capital utilization, and thus raises (lowers) the output growth rate when the latter is profit-led (wage-led). The impact of a higher tax rate on the employment rate (which also measures human capital utilization) in the long-run equilibrium is negative (ambiguous) when output growth is wage-led (profit-led). In any case, the supply of higher-skilled workers does not automatically create its own demand.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

scholarly journals Multiple equilibria, fiscal policy, and human capital accumulation

2004 ◽  
Vol 28 (4) ◽  
pp. 841-856 ◽  
Author(s):  
Jaime Alonso-Carrera ◽  
Marı́a Jesús Freire-Serén
Keyword(s):  
Human Capital ◽  
Fiscal Policy ◽  
Capital Accumulation ◽  
Multiple Equilibria ◽  
Human Capital Accumulation

scholarly journals Can lower remittance costs improve human capital accumulation in Africa?

2020 ◽  
Vol 42 (5) ◽  
pp. 1000-1021
Author(s):  
Maroula Khraiche ◽  
James Boudreau
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Human Capital Accumulation

Human Capital Accumulation, Social Mobility and Migrations

Labour ◽  
1999 ◽  
Vol 13 (3) ◽  
pp. 647-673 ◽  
Author(s):  
Alberto Pozzolo
Keyword(s):  
Human Capital ◽  
Social Mobility ◽  
Capital Accumulation ◽  
Human Capital Accumulation
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